In the trading week of February 6-10, the Dow Jones Industrial Average fell 56.7 points, or 0.17%, to 33,869.3, while the S&P 500 fell 46 points, or 1%, to 4,090.5.
Some of the week’s most traded stocks were major barrick goldAt least 31 million shares were traded by Friday’s close. The company’s shares rose 62 cents to end the week at US$23.94. The company made headlines this week after announcing a significant increase in its global reserves. Barrick said on 9 February that he had increased the proven probable reserves base by 6.7 million ounces. (Using US$1,300 per ounce, minus depletion) to 76 million ounces. This equates to total reserves of 69 million ounces in 2021. (US$1,200/oz). The largest increase occurred in Pueblo Viejo, Dominican Republic, where the completed pre-feasibility study for the new Naranjo tailings storage facility added him 6.5 million ounces. Mine life has been extended beyond he 2040, resulting in his 2022 reserves in the region increasing to his 27 million ounces. From 21 million ounces to 2021, when all tallied, at the end of 2022, Barrick has 1.4 billion tonnes of gold reserves, or 1.67 grams of gold per tonne (including ounces). , and silver reserves of 980 million tons at 5.39 grams of silver (170 million ounces).
arizona metals It was one of the top gainers of the week, adding 90 cents to close at US$4.85. Copper Jr.’s story has gotten even more interesting lately, as he announced on January 17th that his VMS was found in Yavapai County, Arizona. At depths of 150-600 meters below the surface, he of copper and gold intersected with new zones of VMS mineralization. The new zone is said to be open in all directions and drilling is underway to test the extension and thickening of mineralization. The company has provided funding (US$58 million in cash on 30 September 2022) to complete the remaining 8,500 meters planned for Phase 2 of the program and a further 76,000 meters for the upcoming Phase 3 of the program. (with a budget of US$32). a million). The third stage is used to test the westward-facing parallel target of the cay, as well as possible north and south extensions.
saber gold It posted its highest percentage gain of the week, rising 23.8% to close at $26 per share on Friday. Saber said on January 30 that he sold his 1% net smelter earnings royalty of Kerr-Addison mine owned by Gold Candle for cash proceeds of US$7 million. Gold Candle he agreed to pay a penalty of US$500,000.
